Yes you are right. Inveating on ICOs are more risky when compare with trading or hodl in cryptocurrency market. But always think high risk means high profits. But you have to be more carefull when you are inveating on ICOs. You have to do more research. Here you can use whitepaper of the project get a good knowledge about project and team members. In these days daneel project is a good one. It is the first artificial inteligent assistant created to help cryptocurrency investors. So if you can work hard and find more information it is better investing on ICOs.